151 material Form 8-K filings that 136 companies we cover made with the SEC in February 2024, each read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). All of them were written later, when past filings were added: a selection, not every 8-K of the month (see the note below).
Reaves Utility Income Fund amended its distribution agreement with Paralel Distributors LLC on February 6, 2024, raising the maximum number of common shares it may sell through at-the-market offerings from 8,000,000 to 16,065,000. A corresponding amendment to the sub-placement agreement with UBS Securities LLC reflects the higher amount. Because the increase allows more new shares to be issued, existing shareholders could see their ownership diluted, although the fund may not sell shares below its net asset value.
Maximum at-the-market offering amount raised from 8,000,000 to 16,065,000 common shares.
Distribution Agreement Amendment and SPAA Amendment both dated February 6, 2024.
Offering made under a prospectus supplement dated February 6, 2024 and a shelf registration statement (File No. 333-261328).
Shares may not be sold below current net asset value, exclusive of any distributing commission or discount.
Veralto reported fourth-quarter 2023 sales of $1,288 million, up 3.3% from a year earlier, while GAAP net earnings fell to $200 million, or $0.81 per diluted share, from $216 million, or $0.88. The company also gave 2024 targets, including adjusted diluted EPS of $3.20 to $3.30 for the full year, which shareholders can compare with the $3.19 adjusted figure reported for 2023.
Q4 2023 sales rose 3.3% year over year to $1,288 million, with non-GAAP core sales growth of 1.7%.
Q4 GAAP net earnings were $200 million, or $0.81 per diluted share, versus $216 million, or $0.88, a year earlier; adjusted diluted EPS was $0.87 versus $0.80.
For 2024, Veralto targets adjusted diluted EPS of $3.20 to $3.30 and low-single-digit core sales growth; Q1 2024 adjusted EPS is expected at $0.73 to $0.78.
Full-year 2023 net earnings were $839 million, or $3.40 per diluted share, and operating cash flow was $963 million.
American Assets Trust reported fourth-quarter and full-year 2023 results, with revenue, net income and FFO per diluted share all higher than in 2022. Full-year total revenue was $441.2 million versus $422.6 million, and FFO per diluted share rose 3% to $2.40. The company introduced 2024 FFO per diluted share guidance of $2.19 to $2.33, a midpoint of $2.26, and the filing does not compare this with any prior guidance.
Q4 2023 net income to common stockholders was $10.5 million, or $0.17 per diluted share, versus $9.6 million, or $0.16, in Q4 2022.
Full-year 2023 FFO per diluted share was $2.40, up 3% from $2.34; Q4 FFO per diluted share was $0.57, up 2% from $0.56.
2024 FFO per diluted share guidance is $2.19 to $2.33, with a midpoint of $2.26.
A first-quarter 2024 dividend of $0.335 per share is payable March 21, 2024 to holders of record on March 7, 2024.
Enact Holdings reported fourth-quarter 2023 net income of $157 million, or $0.98 per diluted share, up from $144 million, or $0.88 per share, in the fourth quarter of 2022 but down from $164 million in the third quarter of 2023. For full year 2023, net income was $666 million, or $4.11 per diluted share, compared with $704 million, or $4.31 per share, in 2022, while new insurance written fell 27% from the prior quarter.
Q4 2023 net income $157 million, or $0.98 per diluted share, versus $144 million, or $0.88, in Q4 2022 and $164 million, or $1.02, in Q3 2023
Full year 2023 net income $666 million, or $4.11 per diluted share, versus $704 million, or $4.31, in 2022
New insurance written was $10 billion in Q4 2023, down 27% from $14 billion in Q3 2023 and down 31% from a year earlier
Primary insurance in-force reached a record $263 billion, up 6% from $248 billion a year earlier; the company returned over $300 million to shareholders in 2023
Advanced Energy reported fourth-quarter and full-year 2023 results on February 6, 2024. Q4 revenue of $405.3 million was down from $490.7 million a year earlier, and full-year 2023 revenue fell 10% from $1.85 billion, while GAAP EPS from continuing operations dropped to $3.46 from $5.35. For shareholders, the year-over-year declines in revenue and earnings are the main takeaway, and the company guided first-quarter 2024 revenue to a range of $335 million to $365 million.
Q4 2023 revenue was $405.3 million, versus $410.0 million in Q3 2023 and $490.7 million in Q4 2022
Q4 2023 GAAP diluted EPS from continuing operations was $1.01, including a $25.6 million tax benefit and an $18.1 million restructuring and impairment charge
Full-year 2023 GAAP diluted EPS from continuing operations was $3.46, versus $5.35 in 2022; non-GAAP EPS was $4.88 versus $6.49
Q1 2024 revenue guidance is $335 million to $365 million, with non-GAAP EPS guidance of $0.50 to $0.90
Douglas Emmett reported a fourth-quarter 2023 net loss attributable to common stockholders of $40.5 million, or $0.24 per diluted share, compared with net income of $24.3 million a year earlier, with the company citing a $36.2 million impairment charge on its interest in an unconsolidated fund. Revenue rose 2.0% to $259.3 million, but funds from operations fell 12.0% to $92.9 million, and the company gave 2024 per-share guidance of $0.04 to $0.10 for diluted net income and $1.64 to $1.70 for FFO.
Q4 2023 revenues rose 2.0% to $259.3 million, helped by a one-time $5.5 million ground rent back payment
Q4 2023 net loss attributable to common stockholders of $40.5 million, or $0.24 per diluted share, versus net income of $24.3 million in Q4 2022
Q4 2023 FFO fell 12.0% to $92.9 million, or $0.46 per fully diluted share
2024 guidance: net income per diluted share of $0.04 to $0.10 and FFO per fully diluted share of $1.64 to $1.70
Fortinet reported fourth-quarter 2023 revenue of $1.42 billion, up 10.3% from a year earlier, and full-year 2023 revenue of $5.30 billion, up 20%. GAAP diluted earnings per share were $0.40 in the quarter, flat year over year, while full-year GAAP diluted earnings per share rose 38% to $1.46. The company also gave first-quarter and full-year 2024 guidance, including full-year 2024 revenue of $5.715 billion to $5.815 billion.
Q4 2023 revenue of $1.42 billion, up 10.3%; product revenue fell 9.6% to $488.1 million while service revenue rose 24.8% to $927.0 million
Full-year 2023 GAAP diluted EPS of $1.46, up 38%; Q4 GAAP diluted EPS of $0.40, unchanged from the prior-year quarter
Q1 2024 revenue guidance of $1.300 billion to $1.360 billion; full-year 2024 revenue guidance of $5.715 billion to $5.815 billion
Share repurchases of $1.50 billion in 2023; about $1.03 billion remained available as of February 6, 2024
Cirrus Logic reported fiscal third-quarter 2024 revenue of $619.0 million, up 5% from a year earlier, with GAAP diluted earnings per share of $2.50 versus $1.83 a year earlier. The company guided fourth-quarter revenue to $290 million to $350 million, down 48% sequentially and down 14% year over year at the midpoint, which is a sharp decline for shareholders to weigh against the quarter's results.
Q3 FY24 revenue was $619.0 million; GAAP diluted EPS was $2.50 and non-GAAP diluted EPS was $2.89, compared with $1.83 and $2.40 in Q3 FY23.
Q4 FY24 revenue guidance is $290 million to $350 million, down 48% sequentially and down 14% year over year at the midpoint.
One customer accounted for approximately 89 percent of total Q3 FY24 revenue.
The company repurchased 780,517 shares for $56.9 million in the quarter and had $365.1 million left in its repurchase authorization.
AMETEK reported record fourth-quarter 2023 sales of $1.73 billion, up 6.5%, and adjusted diluted earnings of $1.68 per share, up 11%, with full-year 2023 sales of $6.60 billion. The company expects 2024 sales to rise by low double digits and adjusted earnings of $6.70 to $6.85 per share, an increase of 5% to 7%, which gives shareholders a forward profit range.
Q4 2023 sales $1.73 billion, up 6.5%; operating margin 25.7%
Lear reported fourth-quarter and full-year 2023 results on February 6, 2024, with sales and earnings higher than in 2022. The company also gave 2024 guidance of $24.0 billion to $24.6 billion in net sales and $1,155 million to $1,305 million in core operating earnings. Shareholders get a year-over-year profit increase plus a forward outlook, with the company also reporting $313 million in full-year share repurchases.
Q4 2023 sales were $5.8 billion, up 9% from $5.4 billion; diluted EPS was $2.18 vs $1.97 a year earlier
Full-year 2023 sales were $23.5 billion, up 12%; diluted EPS was $9.68 vs $5.47 and adjusted EPS was $12.02 vs $8.72
2024 outlook: net sales of $24.0 billion to $24.6 billion; core operating earnings of $1,155 million to $1,305 million
Full-year 2023 free cash flow was $638 million and the company repurchased $313 million of its shares
Energizer Holdings reported fiscal first-quarter 2024 results for the quarter ended December 31, 2023, with net sales down 6.3% to $716.6 million and GAAP diluted EPS of $0.03, versus $0.68 a year earlier. The company reaffirmed its fiscal 2024 outlook and raised its Project Momentum savings estimate, but a $21.0 million Argentina currency loss and higher SG&A weighed on profit.
Net sales were $716.6 million versus $765.1 million, down 6.3%; organic net sales fell 7.4%.
Adjusted diluted EPS was $0.59 versus $0.72 a year earlier; GAAP diluted EPS was $0.03 versus $0.68.
Fiscal 2024 Adjusted EPS outlook of $3.10 to $3.30 and Adjusted EBITDA outlook of $600 million to $620 million were reaffirmed.
Project Momentum savings estimate was raised to $160 million to $180 million from $130 million to $150 million.
PJT Partners reported record full-year 2023 revenues of $1.15 billion, up 12%, and record fourth-quarter revenues of $329 million, up 17%. GAAP diluted EPS fell to $3.12 for the year from $3.51 and to $0.87 for the quarter from $0.95, so profit per share declined even as revenue grew. The Board also authorized a new $500 million Class A share repurchase program.
Full-year 2023 total revenues of $1.15 billion, up 12% from $1.03 billion; GAAP diluted EPS of $3.12 versus $3.51 in 2022
Fourth-quarter 2023 revenues of $329 million, up 17%; GAAP diluted EPS of $0.87 versus $0.95 a year earlier
Board authorized a $500 million Class A common stock repurchase program on February 5, 2024, replacing the April 25, 2022 authorization
Cash, cash equivalents and short-term investments of $437 million at December 31, 2023, with no funded debt
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.
Briefs marked “Written later” were written in November 2026 for filings that were by then more than three weeks old, so months before mid-October 2026 hold a selection: every material 8-K of the past year for the 100 largest companies we cover and the last 15 important 8-Ks of every other one. Briefs the number check holds back are not shown or counted. Also: the last 45 days, briefs by company, A–Z and the live SEC filings wire.